Did you know the benefits of homeownership extend to tax season? Federal tax deductions may add up to significant savings every year. Take a look at a few ways you may be able to save during tax season: As always consult with your tax advisor to explore what is best for your individual situation.Read more
Most people put off thinking about income taxes until spring, but the smart way to minimize your annual tax bill is to start planning in the fall. New homeowners may be accustomed to claiming the standard deduction (for 2014: $6,200 single; $12,400 married, filing jointly). Depending on your mortgage, you may exceed that amount in mortgage interest alone.
St. Francis of Assisi said, “It is in giving that we receive.” Generosity, whether big or small, is a big part of Christianity. And for those who are trying to match their faith-based values with their financial ones, giving should be part of the financial plan.
When you’re focusing on paying down debt, setting aside money in a savings account each month may seem like a daunting task. Don’t let your savings goals suffer while you’re accomplishing other tasks on your financial checklist.Read more
Despite all your planning and preparing, something will go wrong. Your dishwasher may break. Your car may need repairs. A health emergency may arise. Life happens, and sooner or later you’ll be faced with an unexpected expense. That’s why it’s so important to build in a contingency plan.Read more